Drafting Common Law Contracts In English (3)
A Focus on Representations and Warranties and Material Adverse Change
Objectifs pédagogiques
At the end of the training the participant must be able to: • Understanding Reps and Warranties: Definitions and Practice • Understanding the Difference Between the Buy-Side and Sell-Side Perspectives • Drafting Reps and Warranties From Both Buy-Side and Sell-Side Perspectives • Understanding Material Adverse Change/Material Adverse Effect • Drafting MAC/MAE Clauses From Both Buy-Side and Sell-Side PerspectivesPublic concerné
Directeur juridique Juriste en transition Juriste généralistePré-requis
Etre titulaire d’un Master 2 en droit ou équivalent. Vous pouvez si vous le souhaitez suivre les modules « Drafting Contracts In English : Parts 1 & 2 » au préalable.La formation est délivrée en anglais : la maîtrise de l’anglais professionnel est fortement recommandée.
Cette formation porte sur le Common Law ; le contrat utilisé comme base de formation est sous la loi de New York.
Cette formation est ouverte aux adhérents AFJE et aux non adhérents.
Niveau : intermédiaire , perfectionnement
Durée et modalités d'organisation :
08h30-12h30 (4h) - Accueil dès 8h15Effectif prévu : de 8 à 12 stagiaires.
Lieu de la formation
AFJE, 5 rue du Chevalier de Saint George – 75008 PARISContenu de la formation
Understanding Representations and Warranties
-What is the difference between representations, warranties, reps & warranties, and covenants? Why does it matter?
-How to protect your client by identifying the correct buy-side or sell-side perspective
Exercices 1 and 2
Apply and test the above concepts
How to Draft Representations and Warranties
-How to shift risk in drafting reps & warranties through application of buy- or sell-side qualifications
-Hands-on drafting of reps & warranties, buy-side and sell-side
Exercices, 3, 4, 5, 6 and 7
Apply and test the above concepts
Converting R&W from buy side to sell side and vice-versa
Basics of Material Adverse Change/Material Adverse Effect
-Definitions: what is the difference between MAC, MAE and force majeure?
-The test of MAC through recent US cases
Drafting Tips for MAC/MAE
-Drafting tips: building a MAC clause; what are the three levels of MAC?
-Hands-on drafting of MAC/MAE clauses covering scope, exceptions and carve-outs, buy-side and sell-side
-How useful is a MAC?
MAC and Covid 19
-MAC and Covid: Recent decisions of Common Law courts in the time of Covid
Exercices 8 and 9
Modify buy side MAC to sell side
Modify MAC sell side clause back to neutral
Formateur
Modalités d'évaluation
Evaluation orale par les formateurs, auto-évaluation et QCM.Moyens et méthodes pédagogiques
L’animation s’appuie sur des exposés et exercices en groupe.A NY law governed supply contract (American supplier / French customer) will be used throughout the course as a basis for the exercises.
Moyens techniques
Le lieu de la session est équipé de vidéo-projection et paperboard.Tarifs
Adhérent AFJE : 400 €HT (480 €TTC)Non-adhérent : 550 €HT (660 €TTC)
